Wingstop (NASDAQ:WING – Get Free Report) had its price target cut by investment analysts at Mizuho from $240.00 to $200.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Mizuho‘s price objective would suggest a potential upside of 65.47% from the company’s previous close.
Several other research firms also recently weighed in on WING. Robert W. Baird decreased their price target on shares of Wingstop from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Thursday. Morgan Stanley cut their price objective on shares of Wingstop from $238.00 to $202.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. BTIG Research reduced their price objective on Wingstop from $305.00 to $265.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. TD Cowen lowered their target price on Wingstop from $160.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, September 11th. Finally, UBS Group reissued a “neutral” rating and set a $140.00 price target on shares of Wingstop in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $228.96.
Check Out Our Latest Analysis on WING
Wingstop Stock Up 0.8%
Wingstop stock opened at $120.87 on Friday. Wingstop has a 52-week low of $95.82 and a 52-week high of $302.80. The company has a market cap of $3.29 billion, a P/E ratio of 28.71, a P/E/G ratio of 1.44 and a beta of 1.81. The business has a 50-day simple moving average of $113.10 and a two-hundred day simple moving average of $138.13.
Wingstop (NASDAQ:WING – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The restaurant operator reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $185.56 million for the quarter, compared to analysts’ expectations of $190.25 million. Wingstop had a net margin of 16.15% and a negative return on equity of 16.31%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 EPS. Research analysts anticipate that Wingstop will post 4.45 EPS for the current fiscal year.
Institutional Investors Weigh In On Wingstop
A number of hedge funds have recently bought and sold shares of WING. Oregon Public Employees Retirement Fund lifted its holdings in shares of Wingstop by 1.1% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 5,672 shares of the restaurant operator’s stock valued at $879,000 after acquiring an additional 59 shares during the last quarter. State of Michigan Retirement System boosted its stake in Wingstop by 1.5% during the first quarter. State of Michigan Retirement System now owns 6,672 shares of the restaurant operator’s stock worth $1,034,000 after buying an additional 100 shares during the period. GAMMA Investing LLC increased its position in Wingstop by 35.9% during the second quarter. GAMMA Investing LLC now owns 382 shares of the restaurant operator’s stock valued at $66,000 after acquiring an additional 101 shares during the last quarter. KBC Group NV raised its stake in shares of Wingstop by 17.3% in the first quarter. KBC Group NV now owns 888 shares of the restaurant operator’s stock valued at $138,000 after acquiring an additional 131 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Wingstop by 56.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 398 shares of the restaurant operator’s stock worth $69,000 after purchasing an additional 144 shares during the period.
Wingstop Company Profile
Wingstop Inc is a franchised restaurant company specializing in cooked-to-order chicken wings and related menu items. Its offerings include classic and boneless wings prepared with a range of flavors, along with chicken sandwiches, tenders, fries, seasoned fries, dips, sides and beverages. The company emphasizes made-to-order food, a digital ordering experience and a menu centered on customizable chicken meals.
Founded in 1994 in Garland, Texas, Wingstop has expanded from a single restaurant into a global brand operated primarily through franchised locations.
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